Hysteresis and the Value of Farmland: A Real‐Options Approach to Farmland Valuation
Calum G. Turvey
Abstract
Calum G. Turvey
Abstract
This chapter contains section titled: Introduction Background The Farmland Investment Problem The Emergence of Real Options on Farmland The Option to Buy Farmland Real Options and the Market Value of Farmland Market Prices, Bid Prices, and Real-Options Values Real Options and the Farmland Investment Real Options and Land-Price Bubbles Discussion and Conclusions Appendix 10.A References Endnotes
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This chapter contains section titled: Introduction Background The Farmland Investment Problem The Emergence of Real Options on Farmland The Option to Buy Farmland Real Options and the Market Value of Farmland Market Prices, Bid Prices, and Real-Options Values Real Options and the Farmland Investment Real Options and Land-Price Bubbles Discussion and Conclusions Appendix 10.A References Endnotes
Key concepts: Valuation (finance), Value (mathematics), Land Values, Economics, Investment (military), Market value, Financial economics, Business